No, that would have been 69% Glazer control.
Club Sale | It’s done!
- Thread starter JB08
- Start date
- Status
Need twitters disinformation correction on this post.
They have bought 25 percent of the Glazers shares. That money belongs to the Glazers. Not United.
Look at SJ bid. He had a separate fund for investment into the club beyond what he offered the Glazers for their shares because that money doesn't go to the club.
Well not really, a full renovation and/or an extension could raise the value of your house by more than it costs, you just need the money to do it first.
Forgetting everything else for a second...
Can we just get some perspective please?
"Darkest day for the club since 1958" according to some people on Twitter. Our fans are bizarre.
Can we just get some perspective please?
"Darkest day for the club since 1958" according to some people on Twitter. Our fans are bizarre.
£1.8 billion isn't going to the club. The only place that money is going to is the shareholders pockets! The problems that are currently facing the football club will still be there
No its not. They pumped the club value x2 from the sale rumor, sold minority of their now over priced stakes whilst making sure Joel & Avram still have most voting power.
They practically printed money out if thin air
. Everyone had been dubbedRead the name of the account
He isn't buying 25% of the glazer's shares. He is buying around 12.5% and the other 12.5% from the other share holders to avoid legal battles. The glazers will still own over 50% of the club.
You can hate them as much as you want, they really know how to make moneyNo its not. They pumped the club value x2 from the sale rumor, sold minority of their now over priced stakes whilst making sure Joel & Avram still have most voting power.
They practically printed money out if thin air
Link?
For me the main problem is that the Glazers remain. And that is toxic.
Ratcliffe supporters, and non-supporters to be fair, need to recognise that if this goes through, the Glazers are still going to be in charge for the foreseeable, are still going to hold the purse strings even if Ratcliffe has an influence over the football direction and most of all - Ratcliffe is going to be in a business relationship with the Glazers. That means he’s going to be singing their praises and saying how great they are to work with. I don’t think people fully appreciate just how toxic that is going to be with our supporters.
Then you have the ongoing issues with:
Ratcliffe supporters, and non-supporters to be fair, need to recognise that if this goes through, the Glazers are still going to be in charge for the foreseeable, are still going to hold the purse strings even if Ratcliffe has an influence over the football direction and most of all - Ratcliffe is going to be in a business relationship with the Glazers. That means he’s going to be singing their praises and saying how great they are to work with. I don’t think people fully appreciate just how toxic that is going to be with our supporters.
Then you have the ongoing issues with:
- Debt - The debt will remain and it’s not going to be in either Glazer/Ratcliffe interest to clear this without being awarded capital for their further investment.
- Infrastructure - this entire strategic review was supposedly to raise investment to pay for the Stadium and training ground improvements. Where is that money coming from now?
- If this is ratified, how does it meet the goals of the strategic review in any way shape or form? If the money Ratcliffe plays is going out of the club to the Glazer pockets what benefit does that have to the club? Why did the club employ Raine to sell Glazer shares at a premium at the cost of other shareholders?
You’re under the assumption that it can’t get worse than the Glazers. Strap yourself in.
Better than Elliot, better than the Glazer's staying forever. It is the best option available.
It was between a rock and a hard place. Neither is great. The biggest issue is the greedy Glazers. We don't know exactly what Racliffe is going to do. If it just ends up as a status quo then he will get the same flak as the Glazers as would Qatar. This is one hell of a job to take on. It isn't a small club trying to climb the league with gradual investment, this is a huge world famous club that needs major investment in all departments and needs dragging into the 21st century.
There is simply no way that the shareholders who own 31% of the club would be happy that the Glazer's have their shares bought and not theirs.
The club is dead. We're finished. It's over. Worst day since 58. Etc etc.
Why do people talk in such extremes? It's emotions taking over reason. We don't even know what's going to happen yet.
I’m arguing against this notion that the fans are spoilt oil hungry weirdos.
The fanbase wants Glazers out, have done for years. This was a discussion about buying Glazers out up until about a week ago so nearly a full year of dangling it in front of fans faces. Coupled with the accepted reason why they wanted a sale / investment in that our debt is spiralling out of control and we can’t afford badly need infrastructure improvements. That simply won’t happen now when all Jim will get is to be the face of football decision making as they scramble to save face from fans wrath. This journo talking down to our fanbase while ignoring real concerns borders on insulting
The Glazers are constantly selling shares, I’ve read they’ve sold 600m odd worth of shares since their parasite father died. What does this change?
If there is no legal option for Jim to take control then it’s a disaster all round. It won’t stop posters telling us about gentlemen agreements or such nonsense to tell themselves this is a good deal. That needs to be in the bid or we are simply fecked.
Imagine it’s not and they sell to someone else other than Jim, that’s instant turmoil on its own
I agree with you and the poster you responded to. Like any business deal, it’s perspective. Some people clearly see this as a start of something good and new. With the Glazers and their entire conduct since they owned this club day 1, I don’t see how this is the start of another chapter. Sir Jim is not an idiot but you can see getting in on 25% is not just about getting the club back, but getting in on the investment because they think United will keep gaining value. Fact is the PL and PL clubs will just getting richer and more valuable. Glazers just offloaded 25% of the club’s shares in exchange for a strategic investor who won’t rock the boat for 1.5b. What a fantastic deal for them. All this talk about financial costs and debt level is misleading b/c it is very clear that the club can shoulder that debt on the long run. What will be lost is what we have been seeing over the years, the neglect of the facilities, stadium etc. The Glazers clearly have a business model and a strategy to grow the book value of the club based on commercial deals and riding the upward trend of PL. Does selling Jim 25% change that model? Not one bit in my view.
Oh god. Because he’s somewhat positive he’s on the “payroll”.
Saudi?
This is why I asked if everyone knew something I didn’t, it’s all a bit over the top isn’t it?
It’s fake!! So many people falling for clear and obvious bullshit it’s unreal
Tweet
— Twitter API (@user) date
So youve made that up?
Theres 2 different classes on shares. The class b voting shares aren't listed on the stock exchange. They are the ones being sold.
You could be right but I'm not sure you are. The Glazers are privately selling their voting shares here
The only way I’m on board with Jim is if he comes out and guarantees the club will be bought within 3 years and everything that needs doing like the stadium and debt will be serviced by INEOS. The chances of that are zilch so Jim can get fecked.
I hope that is true, but that isn't going to happen. 31% of shares are not owned by the Glazer's, those shareholders will not be happy that the Glazer family will pocket 1.8 billion and they don't get a cut.
Probably just means they’re going after a new club now. Im placing my bets on Barnsley
Let me guess, Qatar buying remaining 75%
Laugh out loud.
31 percent of the publicly traded class A shares though. They have no power no voting rights. I could buy they today if I wanted at their publicly traded price.
The Glazers are selling their privately owned voting shares here. They'll still own the majority of them.
I asked this question yesterday, who exactly is selling the stake to Sir Jim? Because if its the Glazers and minority shareholders on the NYSE then none of that 1.7b is coming our way, of that you can be certain. If its the club issuing fresh shares to Sir Jim then its possible that the new investment is coming into the club. That point needs to be clear.
The two push factors for the Glazers to conduct this strategic review was to seek funding so as to finance the stadium redevelopment and also because the other four want out. Clearly they haven't agreed on a way out of both and 1.8bn seems too little to achieve both ends and we all know which will be put on the back burner.
Unless someone else comes in and clears the debt we will never be able to “do it on our own”. If we get relegated it won’t be fun because that huge debt will take us under.
Don’t count your chickens yet. I fully expect Ineos to be sold to the Saudi’s at some point.
They get 25% stake as a return
Protests will do little to absent landlords. Only action that hits the owners in the pocket might awaken them. Like a fill blown boycott.
Ok Cafstradamus.
I see these quotes and it makes me laugh, Manchester United have a turnover of what 700 million and yet would be expected to contribute some money to service a loan in the billions when they have struggled to pay a loan of 700 million over 15 years, anything United would contribute would be like firing a BB gun at a train and expecting it to stop it, these people are not stupid they know how to run businesses anyone would think they run a corner shop rather than one of the worlds biggest petrochemical companies by the way some people on here talk
has it ever been rumoured this could be a issuance of new shares or is thay just wishful thinking. Everywhere states the glazers are selling 25 percent of their shares.
Good summary
- Status